USDJPY (4H) - potential BEAR BAT + BULL CYPHER + an BEAR ABCD
First I need to appologize for this very confusing picture where I anticipate 3 separate patterns.
Given a daily level of support around 111.6 and a level or resistance around 114.3 there could develop a CYPHER pattern (matching the lower level of support) which could be followed by a BAT pattern (terminating at the upper level of resistance). Or we could just see a BAT pattern in combination with an ABCD lining up with the higher resistance level on a daily basis.
We'll see how this one turns out and what comes first.
Given a daily level of support around 111.6 and a level or resistance around 114.3 there could develop a CYPHER pattern (matching the lower level of support) which could be followed by a BAT pattern (terminating at the upper level of resistance). Or we could just see a BAT pattern in combination with an ABCD lining up with the higher resistance level on a daily basis.
We'll see how this one turns out and what comes first.
Comment:
... the ABCD would run from the XAB of the CYPHER to the D of the BAT.